Analyst Ratings for Finisar Corp. (FNSR)Updated: 2017-07-27
Shares of Finisar Corp. (NASDAQ:FNSR) have received a consensus rating of Buy from Wall Street analysts. About 30 days ago, FNSR was issued an average rating of Buy.
A buy rating was issued by 13 analysts, 0 gave an overweight rating, 1 issued a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has increased by 0.
Several price targets were given for FNSR by the analysts covering the stock. The most optimistic analyst gave a price target of 44, implying a possible profit of 56.14 percent. The most pessimistic analyst gave a price target of 32, which equates to a potential downside of 13.56 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -1.61 percent. The average change in earnings estimates over the last 90 days is -30.3 percent. Meanwhile, fiscal year estimates have been revised downwards by -0.58 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -14.21 percent.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 1 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 1 analysts made negative revisions to their fiscal year's estimates.
FNSR has an estimated earnings growth rate of -22.44 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of FNSR is -0.58.
In the trailing 52-weeks, FNSR hit 36.85 at the highest peak, while it's lowest trading point was 18.00. Today's price is 56.56 percent above the 52-week low, and 23.53 percent lower than its 52-week high. FNSR has a price/earnings ratio of 12.93. Investors typically compare the P/E ratio to a company's peers in the industry. The FNSR value stock report compares FNSR to some of its peers using value stock charts. The market cap of FNSR is $3.14 billion. FNSR is estimated to release their earnings results for the quarter on 0000-00-00, days from today.